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I am 56 so is it worth opting in to my company pension or shall I stick it ......

2»

Comments

  • atush
    atush Posts: 18,731 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    JethroUK wrote: »
    Not exactly because you get interest on savings x 10 years


    That made zero sense. You get compound interest/investment returns on pensions too?
  • PeacefulWaters
    PeacefulWaters Posts: 8,495 Forumite
    JethroUK wrote: »
    Employer: Me = 2:1

    Is that good?

    Err that's tremendous.

    Make sure you're getting the maximum match that they give.

    If you're in a salary sacrifice scheme every £68 of net income you pay in is being turned into £300 overnight. You'll be lucky to turn it into £70 in a cash ISA within a year.
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